The Department of Agriculture this week announced $80 million in awards under the Dairy Business Innovation Initiatives. The awards support processing capacity expansion, on-farm improvements, and technical assistance services to producers. The funds are being awarded non-competitively to the four current Dairy Business Innovation Initiatives at the California State University Fresno, the University of Tennessee, Vermont Agency of Agriculture, Food & Markets, and the University of Wisconsin. Additionally, USDA announced $22.9 million through a Request for Applications for funding provided by fiscal year 2022 appropriations to support the same Initiatives. The awards were made possible by supplemental funds from the American Rescue Plan Act. Jenny Lester Moffitt, USDA Undersecretary for Marketing and Regulatory Programs, says, "The Dairy Business Innovation Initiatives have proven to be an invaluable resource for dairy farmers and businesses because of their ability to provide targeted resources and funding through sub-awards at the local and regional level, maximizing impact."
Tuesday Closing Dairy Market Update - GDT Trade-weighted Average Increases 0.1%
GENERAL OVERVIEW: Milk futures closed higher following the strength of cheese and nonfat dry milk. The Global Dairy Trade auction tr...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
